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Top 5 Reasons Canadians Will Move In 2024
Canada continues to be one of the best places to live in the world. Vancouver, Calgary and Toronto are all in the top ten cities to live in the world — according to the Global Livability Index. Here are the top five reasons Canadians will move in 2024:

1. Move closer to family.
2. Bigger or better housing.
3. A more desirable neighbourhood.
4. Form own household.
5. Change of work or life.

If one of these sounds like you, now is the time to talk through the unique opportunities in this market. I’m grateful to be your trusted advisor for all your real estate needs.

Jason Streich⁠
Greater Calgary Real Estate⁠
403 807 2204⁠
jason@jasonstreich.com

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Home Renovations

Now that the winter is here and we’re all inside more of the time than usual, you may be feeling that your home is a bit cramped. If so, you’re not alone. One in four people say they’ve outgrown their home.

This month I’m sharing some information on why and how people decide to renovate their homes. It could be an easy fix, like reconfiguring existing rooms or a much bigger project, such as building an accessory dwelling unit (ADU) or adding a second story. I’ve also included typical costs for these projects as well as the ROI. (Of course, costs will vary based on scope of project and location).

If you need a professional to help you with any home renovations, feel free to reach out and I’ll connect you to one in my trusted network.

Jason Streich⁠
Real Broker
(403) 807 2204⁠
jason@jasonstreich.com

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New property listed in Parkdale, Calgary

I have listed a new property at 703 36 STREET NW in Calgary. See details here

Open House January 21 at 1:00 pm-3:00 pm. This delightful bungalow in sought-after Parkdale is clean, inviting, and beautifully maintained. A legal suite adds to the appeal as a mortgage helper. Lovely curb appeal has a backdrop of mature trees, and a large yard on a corner lot hints at the potential for outdoor living during the summer months. Inside the upper unit, a living room showcases gorgeous original hardwood and a textured ceiling, as well as tons of natural light. The home includes a well-equipped kitchen featuring quality appliances and generous cabinetry. The adjacent living area has unique built-ins that add visual appeal. Two generous bedrooms provide an ideal layout for a small family, roommates, or a work-from-home set up. The bathroom is tasteful and modern, with a tub and a rain shower head. The lower suite enjoys large windows in the living area. The eat-in kitchen has been refreshed with stainless appliances and glass tile backsplashes, and the bathroom is equally well-appointed. There is one bedroom in this unit with the possibility of a second, adding to the revenue potential. This level also includes shared laundry and plenty of extra storage space, and the windows and hot water tank are newer, too. Outside, the deck is huge and overlooks the fenced yard. Two off-street parking stalls have plug-ins: a rare luxury! This property is in the heart of one of Calgary’s best neighbourhoods. Whether you choose to live up rent down or hold it as an income property for future value, this is truly an outstanding opportunity. This home is in walking distance to the Foothills Hospital, a short drive to Market Mall, and two blocks from the Bow River, which offers miles of pathways and parks for your enjoyment. Cyclists will love the ability to commute to downtown in about the same time as driving – about 10 minutes and nearby dog parks are perfect for furry family members. Local hotspots include The Lazy Loaf and Kettle and Nove Nine Diner, plus the array of restaurants and shops in trendy Kensington is also close by. Don’t miss this one. See it today! Lower level lease due June 30, 2024, with the option to renew. Separate meter for the basement. Basement suite showing only on second showing/serious buyers & 24-hour notice.

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Open House. Open House on Sunday, January 21, 2024 1:00PM - 3:30PM

Please visit our Open House at 703 36 STREET NW in Calgary. See details here

Open House on Sunday, January 21, 2024 1:00PM - 3:30PM

Open House January 21 at 1:00 pm-3:00 pm. This delightful bungalow in sought-after Parkdale is clean, inviting, and beautifully maintained. A legal suite adds to the appeal as a mortgage helper. Lovely curb appeal has a backdrop of mature trees, and a large yard on a corner lot hints at the potential for outdoor living during the summer months. Inside the upper unit, a living room showcases gorgeous original hardwood and a textured ceiling, as well as tons of natural light. The home includes a well-equipped kitchen featuring quality appliances and generous cabinetry. The adjacent living area has unique built-ins that add visual appeal. Two generous bedrooms provide an ideal layout for a small family, roommates, or a work-from-home set up. The bathroom is tasteful and modern, with a tub and a rain shower head. The lower suite enjoys large windows in the living area. The eat-in kitchen has been refreshed with stainless appliances and glass tile backsplashes, and the bathroom is equally well-appointed. There is one bedroom in this unit with the possibility of a second, adding to the revenue potential. This level also includes shared laundry and plenty of extra storage space, and the windows and hot water tank are newer, too. Outside, the deck is huge and overlooks the fenced yard. Two off-street parking stalls have plug-ins: a rare luxury! This property is in the heart of one of Calgary’s best neighbourhoods. Whether you choose to live up rent down or hold it as an income property for future value, this is truly an outstanding opportunity. This home is in walking distance to the Foothills Hospital, a short drive to Market Mall, and two blocks from the Bow River, which offers miles of pathways and parks for your enjoyment. Cyclists will love the ability to commute to downtown in about the same time as driving – about 10 minutes and nearby dog parks are perfect for furry family members. Local hotspots include The Lazy Loaf and Kettle and Nove Nine Diner, plus the array of restaurants and shops in trendy Kensington is also close by. Don’t miss this one. See it today! Lower level lease due June 30, 2024, with the option to renew. Separate meter for the basement. Basement suite showing only on second showing/serious buyers & 24-hour notice.

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Are you searching for a seamless mortgage experience to elevate your real estate journey?

Are you searching for a seamless mortgage experience to elevate your real estate journey? I'm excited to connect you with top-notch mortgage brokers who share our commitment to excellence. From competitive rates to personalized service, they've got you covered. Let's kickstart your real estate journey with a bang! Send me a direct message for a personalized consultation.

Jason Streich
Greater Calgary Real Estate
(403) 807-2204
jason@jasonstreich.com

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Interest Rates | A Historical Perspective

Interest rates have always fluctuated, but on average have hovered in the 5-10% range for the past three decades. And industry experts believe rates will potentially fall to the low 6 percent range by the end of 2024.

Connect with me for an in-depth perspective if you’re contemplating buying or selling your home.

Jason Streich
Greater Calgary Real Estate
(403) 807-2204
jason@jasonstreich.com

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Understanding Property Ownership: Types, Rights, and Responsibilities

In real estate, several types of ownership determine how a property is held and who has legal rights to it. Here are some common types of property ownership:

Sole Ownership (Sole Tenancy): Sole ownership occurs when a single individual or entity owns the entire property. The owner has the right to use, modify, and sell the property as they see fit.

Joint Tenancy: Joint tenancy is a form of ownership where two or more individuals share equal ownership interests in a property. If one owner passes away, their share automatically transfers to the surviving owner(s) without going through probate.

Tenancy in Common: Tenancy in common is a type of ownership where two or more individuals jointly own a property, but their shares in the property may not be equal. Each owner can sell, mortgage, or transfer their share without the consent of other owners. In the event of an owner's death, their share is passed to their heirs through their will.

Tenancy by the Entirety: This type of ownership is reserved for married couples and operates similarly to joint tenancy. However, neither spouse can sell or mortgage the property without the other's consent. In the event of a divorce, the tenancy by the entirety is typically converted into a tenancy in common.

Community Property: Community property states consider all property acquired during a marriage as equally owned by both spouses, regardless of which spouse acquired it. In the event of a divorce or death, community property is usually divided equally between the spouses.

Condominium Ownership: Condominium ownership allows individuals to own a specific unit within a larger building or complex. Condo owners have ownership rights to their individual units and shared ownership of common areas such as lobbies, elevators, and swimming pools.

Cooperative Ownership: In a housing cooperative, residents own shares in a corporation that owns the entire property. Each resident is a shareholder and has the right to occupy a specific unit. The cooperative association manages the property.

Trust Ownership: Property ownership can be held in a trust, where a trustee manages the property for the benefit of another person or entity, known as the beneficiary. Trust ownership provides various estate planning benefits.

Leasehold Ownership: Leasehold ownership occurs when a person or entity holds a lease to use a property for a specific period, often long-term, but does not own the land. At the end of the lease term, the ownership reverts to the landowner, unless a renewal is negotiated.

Each type of ownership has its own legal implications and considerations, and the choice of ownership depends on factors such as legal, financial, and estate planning objectives. It's essential to consult with legal and real estate professionals to determine the most suitable type of ownership for specific circumstances.

Source

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December 2023 | Calgary Real Estate Housing Market Update
Sales in 2023 did ease relative to last year's peak, but with 27,416 sales, levels were still far higher than long-term trends and activity reported before the pandemic.

While sales stayed relatively strong, there was a notable shift in activity toward more affordable apartment condominium-style homes.

Inventory levels were persistently below long-term trends for the city throughout most of the year, averaging a 44% decline over the 10-year average. We also saw the months of supply remain well below two months throughout most of the year across homes priced below $1,000,000.

The persistently tight conditions contributed to our city's new record high price. While the average annual benchmark price growth did slow from 12% in 2022 to nearly 6% growth in 2023, the price growth was still relatively strong especially compared to some markets in the country.

Take the first step towards informed decisions by connecting with me now for a complimentary market evaluation. Secure the insights essential for your journey in the housing market. Let's elevate your real estate experience together!

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2023 Top Performing Agent
Grateful and honoured to be recognized as a top agent for 2023! This achievement wouldn't be possible without my amazing clients and colleagues who make every transaction special.

Thank you for trusting me with your real estate needs. Here's to another year of turning houses into homes!

Jason Streich
Greater Calgary Real Estate
(403) 807-2204
jason@jasonstreich.com
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What's Ahead For The Housing Market?

As we start a new year, the real estate market is once again shifting. Many experts project that home sales will continue softening throughout most of the country due to higher for longer interest rates and lack of inventory.

Here is some information on the state of the housing market along with historical mortgage data to provide some perspective for the time we are in.

We will also look at the place we call home, and why Canada so often makes it into the top places to live charts.

I am always here to answer any questions you may have. Feel free to reach out any time!

Jason Streich
Greater Calgary Real Estate
(403) 807-2204
jason@jasonstreich.com

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Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.